 "Tarun Bajaj")
Revenue Secretary Tarun Bajaj said on Wednesday that the current capital gains tax regime needs a fresh look and that the various rates and holding periods need to be streamlined as well.
Speaking at an event by industry body Confederation of Indian Industry, Bajaj also said had the Centre not extended Rs 1 trillion in long-term capital expenditure (capex) loans to states, the fiscal deficit target for 2022-23 (FY23) would have been 6 per cent, against the budgeted 6.4 per cent of nominal gross domestic product (GDP).
“My view is that we need to absolutely relook at capital gains. Whenever I discuss
